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12.99
4.34%
0.54
Why is Net Power Inc (NPWR) Stock down?
We've noticed a 6.32% decline in Net Power Inc (NPWR) stock during the 2024-11-26 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
14 Nov, 2023:
Net Power Inc Stock (NPWR) dropped by 18.54% from $13.32 to $10.85 in the trading on Tuesday November 14, 2023. The reasons why NPWR stock down today include:
- Negative cash flow: NET Power reported a modest cash flow from operations of approximately $0.1 million for the quarter. The company's investing activities resulted in a negative cash flow of approximately $103 million, primarily due to the investment of $100 million into short-term interest-bearing securities.
- Capitalized expenditures : Capitalized expenditures for Project Permian totaled $2.5 million in Q3 2023, with initial long-lead equipment orders expected to be released in the first half of 2024.
- Timeline for Project Permian: The company is adjusting its timeline for Project Permian, now expecting initial power generation between the second half of 2027 and the first half of 2028. This change accounts for a 12-month cushion to mitigate the impact of the tight global supply chain.
0.86%
0.35%
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